This property looks like a bad Mid-Term investment with a projected -2.52% first-year return on $118k initial cash invested.
-2.52%
Cash On Cash
6.37%
Cap Rate
0.97
DSCR
$4,410
Rent
-$248
Cashflow
Cash Flow
$4,410 income − $4,658 expenses = $248 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,200
Closing costs
1%
$4,760
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,410
Total Expenses
$4,658
Mortgage P&I
59%
$2,598
Property Taxes
8%
$373
Home Insurance
4%
$189
HOA
0%
$0
Property Management
12%
$529
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$485